Roscher’s Grundlagen in the history of economic thought

Presents an explanation of the theoretical structure of Roscher′s Grundlagen, one of the most successful economics textbooks of the last century. Describes Roscher′s writings on the English classical school and in doing so, digests basic ideas from Adam Smith and John Stuart Mill. Attempts to clarify the economic theories of the Grundlagen which have been ignored in the past. Highlights the concept of goods in the Grundlagen and reveals that Roscher′s methodology was embedded in the the ethics of historicism at that time. Finally discusses price theories of Roscher and their relationship with the English classical school.